DFID: Economic Statistics Development Priorities

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1 DFID: Economic Statistics Development Priorities Who are DFID? UK Department for International Development Leads on the UKs work to end extreme poverty A friend to International Statistics? We are responsible for (amongst other things): Honouring the UKs international commitments and taking action to achieve the United Nations Global Goals Making British aid more effective by improving transparency, openness and value for money Targeting British international development policy on economic growth and wealth creation 1

2 DFID s Strategic Objectives SO 1: Strengthening global peace, security and governance the Golden Thread of development. Better economic statistics helps contribute to building open economies, societies and governments SO 2: Strengthening resilience and response to crisis SO 3: Promoting global prosperity DFID s Economic Development Strategic Framework has scaled up its work with 1.8 billion being targeted towards economic development. It is important for DFID to invest in improving economic statistics, allowing for better resource allocation and monitoring of economic development interventions/programmes SO 4: Tackling extreme poverty and helping the world s most vulnerable SO 5: Delivering value for money Why invest in Economic Statistics? Inclusive economic development is a key strand in eradicating poverty However, in many countries economic statistics are not of the quality required for evidence based policy making Better economic statistics are needed to enable better macroeconomic governance and policy making This will also allow DFID to make better decisions on how to allocate resources and monitor results of interventions 2

3 Why invest in Economic Statistics? The MDGs saw the focus of donor statistical support move towards household surveys focusing on health and education statistics to the detriment of other areas including economic statistics This has meant that the robust collection and analysis of economic statistics in developing countries have stagnated, and in some cases declined, over the last years. Overall there is a shortfall in funding for core statistical systems required to provide basic information for economic management How do DFID support Economic Stats Centrally (UK) Managed Programmes DFID s Research and Evidence Division (RED) have supported economic data initiatives of the IMF since 2001 IMF s Enhanced Data Dissemination Initiative (EDDI) Statistics for Results Facility (SRF) support to implement NSDS part of which will go towards economic statistics Growth & Resilience Department - will support the improvement of jobs data and will most likely be working with the ILO, IMF or World Bank. 3

4 How do DFID support Economic Stats Country offices: Direct support of statistical system strengthening (capacity building) which can include support to economic statistics support will vary widely depending on office priorities, political economy etc Funding of surveys that provide vital source data How sustainable is this? Some tax projects in country offices have components to improve collation of tax data e.g. Bangladesh, Pakistan DFID s Economic Statistics Programme Centrally (UK) managed programme Began implementation in May 2015 Aims to improve the quality and availability of economic statistics by strengthening the capacity of national statistics systems. The programme now has three components IMF s Enhanced Data Dissemination Initiative UNESCAP s Regional Programme on Economic Statistics The World Bank WAVES programme: Wealth Accounting and Valuation of Ecosystem Services 4

5 Programme Priorities Capacity & sustainability targeted technical assistance to strengthen national capacity; leveraging domestic resources. Source data improvement in the quality and use of basic source data for economic statistics. Quality & Standards support the implementation of the enhanced General Data Dissemination System (e-gdds) which sets more achievable standards for lower capacity countries; support the adoption of the 2008 System of National Accounts and other relevant standards. Open Data improving data dissemination for more accountability. Alignment & coordination with National Strategies for the Development of Statistics (NSDSs); within national statistics systems; with other donors. Thank you 5